Renting an Apartment With Poor Credit

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Renting an apartment with poor credit can be done by either prepaying for a few months, having someone co-sign on the lease or setting up an automatic payment system. Rent an apartment when bad credit can get in the way with information from a financial manager and currency trader in this free video on finance.

Part of the Video Series: Credit Reports & Credit Scores
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Video Transcript

If you have poor credit and you go to rent an apartment or rent a house, if your potential landlord sees that you've had bad credit, they're not going to be very comfortable that you're going to be able to pay them on time. So the question is, how do rent the apartment? Well, usually cash cures all wills. You can always prepay, number one. Number two, you can get somebody to guarantee those payments for you, mom, dad, friends, whatever it might be. And number three, you can set up an automatic payment system through your bank so that the landlord knows that they'll be paid on time every month. Those are three really concrete steps that you can take, they're pretty easy, that will help you rent any apartment, or home that you want, even if you have bad credit. I'm Roger Groh.

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